365 Billing, a registered U.S. Internet Payment Service Provider (IPSP), has launched the first new U.S. IPSP since the beginning of the IPSP program.
For online merchants selling products and services, 365 Billing offers a turnkey processing solution including multiple payment options, fraud and risk management, affiliate software, and customer contact services. Credit card, ACH, phone billing, and SMS are just a few of the payment products 365 Billing will offer, according to a company statement. In addition, the company offers state-of-the-art fraud management systems and marketing tools.
“The 365 Billing fraud protection system has been designed first and foremost to maximize approvals,” the statement notes. “This is accomplished by utilizing state-of-the-art neural technologies, thousands of compound rules, positive and negative custom filters, and clients’ unique experiential data to produce a comprehensive and distinct recommendation for each and every transaction. We slice out fraud with a scalpel, not a butcher knife. The result is not just the prevention of fraud, but more first-time approvals, more residual sales, and higher profits.”
365 Billing’s core products support billing for online subscriptions. The company provides a suite of solutions, including password management, customer service, enhanced risk management services, affiliate management, and retention tools.
“This is a very important day for U.S.-based online merchants,” says Mark Smith, president of 365 Billing. “Having sound payment alternatives is important for the online subscription industry. But more important, we will give merchants better tools, better approval rates, and better retention rates.”
John Duffy, CEO of 365 Billing, says, “We are very excited to have assembled such a tremendous team of experienced billing professionals and combined that with solid banking relationships. We have invested heavily to ensure at the end of the day our merchants are more successful because they use 365 Billing.
“365 Billing will also be launching similar services for European merchants within 30 days,” he adds.
